CCOI Q2 2024 Earnings — Cogent Communications Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOICogent Communications Holdings, Inc.

$1B

Q2 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$260M+13.8% YoY

Gross Profit

$104M40.0% margin

Operating Income

-$47M-18.1% margin

Net Income

-$32M-12.4% margin

EPS (Diluted)

$-0.68

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

-$22M

Free Cash Flow

-$71M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.9B

Stockholders' Equity

$416M

Cash & Equivalents

$384M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$260M	$229M	+13.8%
Gross Profit	$104M	$102M	+1.9%
Operating Income	-$47M	-$35M	-36.2%
Net Income	-$32M	$1.1B	-102.9%

Geographic Segments

North America

$224M86%

Europe

$28M11%

Oceania

$6M2%

South America

$2M1%

Africa

$163,0000%